Bic: withdraws FY 2020 outlook
(CercleFinance.com) - Bic announces that, although it is still too early to assess the overall impact of the epidemic, its outlook and market assumptions for 2020, as reported on 12 February, are no longer valid, and this, until further notice.
At the end of last week, Bic had a net cash position of slightly over 170 million euros. The group confirmed its access to liquidity with its historical financial partners, if necessary.
The manufacturer of stationery, lighters and razors is working closely with all its trading partners to mitigate the situation and minimise the long-term financial impact of this epidemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.